Tree Line Capital Partners, LLC, a direct lender focused on the lower middle market, provided a first lien credit facility to support the buyout of PAR Excellence Systems, Inc. by Northlane Capital Partners.
 
Founded in 1992 and headquartered in Cincinnati, Ohio, PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. The systems also simplify the caregivers’ day-to-day tasks and allow them to focus on their core objective of patient care.
 
Based in Bethesda, MD, Northlane Capital Partners currently manages a $1 billion private equity fund investing in control buyouts of middle market companies based in North America. NCP focuses on three sectors: healthcare, outsourced business services, and industrial technology. NCP generally looks for platform companies with EBITDA of $5 million to $30 million.
 
“We’re excited to be partnering with both PAR Excellence and NCP,” explained Tree Line Managing Director Frank Cupido. “Our underwriting process has been designed to support sponsors when they need to rely on a lender to provide certainty of closing. This deal showcased our strengths well and is a great beginning to our relationship with NCP."
 
Tree Line is a direct lender which provides unitranche, first lien, and other junior capital solutions for lower middle market borrowers with $2M+ of EBITDA in North America. Tree Line’s principals have extensive direct lending experience spanning multiple economic cycles across $2.6B of loan commitments.  The Tree Line team works directly with management teams and sponsors to provide financing solutions that work for a company long after close. See treelinecp.com for additional detail.
 
Stradling Yocca Carlson & Rauth, P.C. provided legal counsel to Tree Line for the transaction.